If you’re considering an FHA loan in the Los Angeles County area, where we serve home buyers, you should know that the loan limit is increasing! The new limit for an FHA loan is $726,525 for 2019. With the rising cost in housing prices, this has trended upward from the previous limit of $679,650.
FHA loans are fantastic for buyers interested in entering the market with a low 3.5% down payment, with other flexible terms such as less than perfect credit and a higher debt to income ratio allowance. Have you spoken with a home loan expert yet? We don’t do loans, but myself or my team can get you in touch with a trusted expert that helps many of our clients if you’re buying anywhere in Southern California – Los Angeles County especially!
Buying in 2019? Let us help you. Get in touch with Robert at 661-505-1051 or visit us to search homes and say hello at http://www.SCVHomeTracker.com. We’re available 7 days a week. Happy Holidays and a prosperous New Year to you! – Robert and the rest of the Mickalson Group at EXP Realty of California, Inc.
